• Acquisition of 100% of the White Dam Gold Operation in South Australia
• Targeting near-term cashflow through retreatment and re-crushing of existing heap leach material
• Highly prospective gold and antimony exploration projects in northeast QLD advancing

Pacgold executed an agreement to acquire the White Dam Gold Operation in South Australia, a transformational move that provides a clear pathway to near-term gold production and cash flow. The White Dam Gold Operation, operational from 2010 to 2018, produced ~180,000oz of gold from heap leaching 7.5Mt of ore at 0.94 g/t Au. Pacgold plans a 3-phase approach to recommence operations, starting with extracting the remaining gold in the heap within two months of completing the acquisition. The company also intends to undertake an intensive near-mine and infill drill program to upgrade existing Inferred Resources. In addition to the heap leach material, White Dam has an existing JORC (2012) Mineral Resource Estimate of 4.6Mt @ 0.7 g/t Au for ~102Koz. Concurrently, Pacgold continues to advance its flagship Alice River Gold Project, where drilling has intersected high-grade visible gold up to 42.3 g/t, confirming the potential for significant resource growth. The company has also commenced a maiden drill program at the compelling White Lion target. Additionally, Pacgold has signed a farm-in agreement for the St George Gold-Antimony Project in northeast Queensland, where initial exploration is already underway. With a strengthened balance sheet following a $13 million placement, Pacgold is well-positioned to continue advancing its exploration activities while transitioning to become a near-term gold producer.

Pacgold is focused on recommencing operations at the White Dam Gold Operation as soon as possible, targeting near-term cashflow through retreatment and re-crushing of existing heap leach material. The company will also undertake an intensive near-mine and infill drill program to upgrade existing Inferred Resources at White Dam. Concurrently, Pacgold will continue advancing exploration activities at its Alice River and St George projects to unlock further growth potential.